Highlights
HKUST Launches Asia's First Master Program Concentration in Financial Crimes and Forensic Accounting
Various media has reported that the School has partnered with KPMG and Griffith University to introduce Asia’s first Master of Science in Accounting (MSAC) concentration in financial crimes and forensic accounting, addressing the growing demand for expertise in these fields. Acting Dean Prof. HUI Kai-Lung said the partnership will shape a new generation of professionals equipped the skills to tackle the evolving challenges in the financial sector. Director of MSAC program Prof. Tony SHIEH emphasized the program’s commitment to providing students with cutting-edge knowledge and tools for career success.
(Stheadline.com, Wenweipo, Bauhinia, zijing.com.cn, quamnet, infocastfn.com, Wenweipo education)
HKMA and HKUST to Advance Cybersecurity Innovation for Financial Sector
Various media reported that the School and the Hong Kong Monetary Authority have signed an MoU to strengthen collaboration in applied cybersecurity research tailored to the needs of HK's financial sector. Both sides will jointly explore innovative supervisory technology and regulatory technology solutions, leveraging cutting-edge technologies such as the latest large language models. Acting Dean Hui Kai-Lung stated that the two parties will co-develop solutions that address cybersecurity challenges and contribute to the resilience of HK's financial ecosystem.
(The Standard, Wenweipo, hket.com, Line Today, hk.on.cc, Mingpao, jornalvakio.com, etnet, Pchome, aastocks, sina.com.hk, Hong Kong Invest, stnn.cc, hkcna.hk, yinsfinance.com, hkcna.hk 2, DoNews, chinanews.com, feng.ifeng.com, sina.cn, eastmoney.com, cnfin.com, finance.sina.com.cn, Investing.com, aastocks 2, feng.ifeng.com 2, hexun.com, zhitongcaijing.com, finance.sina.com.cn 2, finet.hk, 88iv.com, eastmoney.com 2, feng.ifeng.com 3, jiemian.com, jrj.com.cn, eastmoney.com 3, feng.ifeng.com 4, guandian.cn, jrj.com.cn 2, shangyexinzhi.com, sina.com.cn 2, finet.com.cn, sina.com.cn 3, Asian Banking Finance, finance.jrj.com.cn, Hongkong Business, MarketScreener (UK), Caproasia, Eastmoney, feng.ifeng.com, guandian.cn, shangyeinzhi.com, sina.com.cn, weiyangx.com)
Faculty Interviewed on US’s Tariff Policy
In an HK Economic Journal Monthly article on US President Donald Trump's tariff policy, Visiting Prof. Edwin LAI, Dept of Economics, was quoted as saying that the Trump administration did not seem to have a clear tariff plan, while the new policy aims to generate government revenue and bring manufacturing back to the US. In an SCMP article on HK's role in advancing the yuan's internationalization, Prof. Lai discussed the decline of the dollar and US assets, linking it to President Trump's tariffs and unpredictability.
Prof. Emeritus Francis LUI, Dept of Economics, said in an HK Economic Journal interview that China should not rush to reach a trade deal with the US, as it is better to let the US feel the pain of the tariff war. (article 1, article 2)
Prof. Paul KITNEY, Dept of Economics, talked about the impact of US President Donald Trump's trade policy on the global economy during RTHK’s "The Close" program.
Adjunct Prof. KC CHAN, Dept of Finance, said on a Metro Radio program that US President Donald Trump will continue to stoke up conflicts in his four-year term, adding that his policies will disrupt the world order. In an interview with i-Cable, he also shared his views on the easing US-China trade tensions.
OTHERS
Encouraging Private Sector to Engage in I&T Development (May 30)
An HK Economic Times column article by Chair Prof. LI Jiatao, Dept of Management, delved into China's efforts to encourage the private sector to engage in I&T development to stay ahead of industry advancements.
Decline of US’s Soft Power (May 30)
An HK Economic Times column article by Prof. Emeritus Francis Lui, Dept of Economics, discussed the US’s declining “Soft Power” under the Trump Administration.
China’s Policy Rebalancing Toward Consumption (May 29)
In an msn.com article on China's policy rebalancing toward consumption, Research Chair of the HKUST Institute for Financial Research Prof. JIN Keyu was quoted as saying that China can boost production of high-end technology products without undermining its push to lift domestic consumption.
Translating Knowledge Into Social Value (May 28)
In a qq.com interview program, Acting Dean Hui Kai-Lung shared his experiences in teaching and administration at HKUST. He highlighted how to translate knowledge into social value, uphold the University's tradition of cultural pluralism, and navigate in the era of innovation technology.
Rise in China's Long-term Consumer Spending (May 27)
In articles published in feng.ifeng.com, huanqiu.com, and sina.com.cn about the potential rise in China's long-term consumer spending, Research Chair of the HKUST Institute for Financial Research Prof. Jin Keyu was quoted as saying that millennials and Generation Z consumers are still keen on travel, outdoor experiences and games. The main users of consumer credit are people under 35.
Caution against "Pseudo Family Offices" (May 27)
In a Sing Tao Daily article on family office operations in HK, Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie PENG highlighted the issue of "pseudo family offices." She emphasized that a genuine single-family office should manage over US$250 million in liquid assets and cater exclusively to one family, while also addressing critical aspects such as education and philanthropy.
Reconciling between Ride-hailing Platforms and Taxi Sector (May 26)
HK Economic Journal ran an article by Acting Dean Prof. Hui Kai-Lung on triaging traffic to resolve the conflicts between the online ride-hailing platforms and the taxi industry.
WKCD Museums as HK's Soft Power Showcase (May 23)
In a China Daily report about the HK Palace Museum's development, Prof. Emeritus Francis Lui, Dept of Economics, stated that showcasing local culture in the West Kowloon Cultural District (WKCD) museums will enhance HK's soft power, as high-quality cultural offerings attract international visitors seeking authentic experiences.
Quantifying Uncertainties in Climate Policy (May 23)
An HK Economic Times article by Research Assistant of the Center for Business and Social Analytics (CBSA) Kamila ABDRASSILOVA on the challenges facing climate policy noted that a CBSA research team has developed a pioneering "HK Climate Policy Uncertainty Index" to quantify uncertainties in climate policy. This innovative metric provides insights for stakeholders to address climate change, enabling data-driven decision-making.
China Strategic Thinking as Revealed in Indo-Pakistan Military Conflicts (May 23)
In an article published in HK Economic Times and Bauhinia, Prof. Emeritus Francis Lui, Dept of Economics, discussed China's economic and strategic thinking as demonstrated in the Indo-Pakistan warfare involving the use of China-made J-10 fighter jets.
Risks of Investment Bubble in Humanoid Robot Sector (May 19)
HK Economic Journal published a column article by Acting Dean Prof. Hui Kai-Lung on the potential of investment bubble developing in the humanoid robot sector.
Pricing Information Risk (May 17)
In an HK Economic Journal article, Chair Prof. ZHANG Chu, Dept of Finance, wrote about the empirical evidence of information risk being priced by the market.
Building Long Lasting Family Office (May 16)
HK Economic Times published an article by Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng on building a long-lasting family office.
China’s Strategies against US Tariffs (May 16)
An HK Economic Times article by Prof. Emeritus Francis Lui, Dept of Economics, discussed China's strategies in response to US tariff policies.
Forum on Entrepreneurship and Innovation (May 13)
According to reports by southcn.com and Sina, Adjunct Assoc. Prof. James ZHANG, Dept of Finance, delivered a keynote report at the "GD-HK-Macau GBA Education Forum on Entrepreneurship and Innovation 2025."
Challenges in US Onshoring Manufacturing (May 12)
An HK Economic Journal article by Acting Dean Prof. Hui Kai-Lung looked into the challenges facing manufacturing onshoring in the US.
Land Reclamation Necessary for Long-term Development (May 10)
In an interview with Money Monday, Prof. Emeritus Francis Lui, Dept of Economics, suggested that HK should reclaim land to boost its land reserve for long-term development, as the city has suffered from high home prices due to insufficient land supply. (article 1, article 2, article 3)
AI as Double-Edged Sword (May 10)
Various media reported that, when addressing the launch ceremony of the HK Public Relations Awards 2025, Assoc. Prof. Darwin CHOI, Dept of Finance, stated that AI is a double-edged sword, promising immense computing power while also raising security and privacy concerns. (wenweipo 1, wenweipo 2, HK01 1, HK01 2, Line Today)
Managing Supply Chain Disruption Risks (May 9)
An HK Economic Times column article by Chair Prof. Li Jiatao, Dept of Management, examined how HK should manage the risk of supply chain disruption and seize opportunities amid the crisis.
US–China Trade Negotiations (May 9)
HK Economic Times published a column article by Prof. Emeritus Francis Lui, Dept of Economics, on the timing of US-China negotiations to resolve their trade conflicts.
Reimagining AI Systems (May 7)
The Bangkok Post reported that at a forum on “AI & The Future of Asia” organized by the Asian Institute of Technology, Adjunct Assoc. Prof. Joon Nak CHOI, Dept of Management, gave a keynote address emphasizing the need to reimagine systems beyond surface-level AI adoption and advocated for innovation grounded in ethics, productivity, and real-world needs.
US’s Long Shot at Regaining Manufacturing Dominance (May 5)
An HK Economic Journal article by Acting Dean Prof. Hui Kai-Lung looked into why it is impossible for US to restore its lost status as a manufacturing powerhouse.
US-China Power Dynamics Reversing (May 2)
In an HK Economic Times column article, Prof. Emeritus Francis Lui, Dept of Economics, shared his insights on how China has grown bigger and stronger while the US struggles with international turbulence.
Leveraging Cultural and Sports Marketing to Boost HK’s Tourism (May 2)
In an HK Economic Times column article, CBSA Assistant Manager Wern NGO and Visiting Scholar LIM Hyungsoo offered their views on the effectiveness of cultural and sports marketing and mega event marketing to enhance visitors' experiences and boost their spending in HK.